Graphite Design (TSE:7847) ROCE % : 9.76% (As of Aug. 2024)

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What is Graphite Design ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Graphite Design's annualized ROCE % for the quarter that ended in Aug. 2024 was 9.76%.

Graphite Design ROCE % Historical Data

The historical data trend for Graphite Design's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Graphite Design ROCE % Chart

Graphite Design Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

ROCE %

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1.78

4.27

15.54

17.09

5.03

Graphite Design Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
ROCE %	Get a 7-Day Free Trial															-2.13	11.10	9.07	12.46	9.76

Graphite Design ROCE % Calculation

Graphite Design's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	272.043	/	( ( (6442.269 - 959.869)	+	(6045.497 - 718.493) )	/ 2 )
	=	272.043	/	( (5482.4	+	5327.004)	/ 2 )
	=	272.043	/	5404.702
	=	5.03 %

Graphite Design's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	525.424	/	( ( (6283.605 - 962.185)	+	(6116.548 - 673.979) )	/ 2 )
	=	525.424	/	( ( 5321.42	+	5442.569 )	/ 2 )
	=	525.424	/	5381.9945
	=	9.76 %

(1) Note: The EBIT data used here is four times the quarterly (Aug. 2024) EBIT data.

Graphite Design (TSE:7847) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Graphite Design ROCE % Related Terms

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Graphite Design Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Graphite Design Inc (TSE:7847) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

2474-1 Ota, Chichibu-shi, Saitama, JPN, 368 - 2006

Website

https://www.gd-inc.co.jp

Graphite Design Inc is engaged in manufacture and sale of golf club shaft assembly and processing of golf club, and manufacture of various pipe molded products using carbon fiber.

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